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Lloyd’s 2021 results have revealed significant improvements in virtually all lines of business as well as rocketing premium growth in reinsurance and primary casualty business. -
Based on Lloyd’s current risk scenarios, losses from the crisis should be manageable if significant, the CFO said.
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Investment firm BP Marsh has acquired a 40% holding in start-up Lloyd’s broker Denison and Partners and provided a loan facility, stumping up aggregate funding of £802,000 ($1.05mn) for the company.
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Dee, who had worked at the Corporation since 1986, passed away earlier this week.
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Amid ongoing restructuring, poor performance from discontinued classes is weighing on the bottom line.
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CEO John Neal hailed the return to sustainable underwriting profitability as the market posted its first underwriting profit since 2016.
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The syndicate also increased gross written premiums by 17.6% to $1.7bn, amid favourable market conditions in most classes.
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The decision marks the second time the carrier has explored an entry to Lloyd’s and ultimately reverted.
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The syndicate-in-a-box (SIAB) will operate via the Lloyd’s platform at the Dubai International Financial Centre (DIFC).
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The first of a two-part series on innovation examines the barriers blocking product innovation in the P&C market.
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The major UK insurance group has been exploring a launch since last year.
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The firm allowed a culture of discrimination, harassment and bullying, while management failed to take appropriate disciplinary action against the perpetrators, an inquiry found.
